IQE is the leading global outsource supplier of customized epitaxial wafers to the semiconductor industry.

Their technology is of most advanced like AFM means Atomic Force Microscopy and moves a minuscule cantilever over an objects surface, a sharp tip passes over dips or rises punched in the surface and reads out digital information. This technology is not going to slow down it is going to speed up and has to replace most existing forms of memory storage by virtue of capacity and size.

The future of nano-technology, these tiny/minute robots would need very small processors and most sure strained silicon could provide these.

The low share price is due to uncertainty as to when the cash will run out, but I don't think this will happen as cash is of 12 to 15M and NAV of 30p, and losses are going to drop on the next 3 month and we could have profits on the Q4 2004.

Latest news from the Chairman were" The Group remains confident that it is in a strong position within the outsourcing market, although the protection of its cash position is paramount.
With a broad product portfolio allowing the customer base to use IQE as a 'one stop shop', a large available production capacity and a strong balance sheet, the Board believes the Group will benefit strongly as the overall semiconductor industry recovers and will continue to strengthen its position as the leading outsource supplier of advanced wafer products to the sector. "

Nearly all the recent results have been encouraging. Q4 accounts are being completed (30th Dec 2002). IQE know where they stand, if things had got worse their would have been a trading statement by now, and with Amberwave (IQE's partner) increasing its Asian presence, this is a bullish trend and a good point to pick up the shares @ 4.25p

Intraday

5 month MA and Indicators

re - Bollinger is Champagne my friend

"Bolly"

Every wine with bubbles is called sparking wine but if it comes from the Champagne area in France then it can be called >>>> Champagne

the one from the Catalan area is called CAVA, and so on

I am not only a drinker of the bubble stock but a connoisseur of wine with a certificate of "wine and spirits" since I was 25 years old.

                       

From the "UPS" thread...........

IQE 29.75p
BREAKOUT in progress

USA job numbers not bad so should help

That's right.September may prove to be a good month this year.
Touch wood!

M RSI (!)
Golly - Bolly qualified as well - you are an all around person - just a bit touchy and lacking some sense of humour - I do however, enjoy the depth of your posts - Thanks - and still the SP rises

re - lacking some sense of humour

Well is a dark humor maybe because I was not born around the South west country or the country as a matter of fact.

oak + apples = CIDER

What about a CIDER joke then


A mangy redneck youth walks into the kitchen where his mom is fixing the night's dinner.
"Mom, I got a splinter in my finger. Can I have a glass of cider?" asks the slack-jawed youth.

"Are you sure you don't want me to pull it out?"

"No thanks, just the cider."

"Well, sure," responds the youth's mother and gives her boy the cider and watches him trot off contentedly.

About 15 minutes later the boy returns to the kitchen and again asks him mother for a glass of cider.
His mother, not wanting to question his reasoning, gives him another glass and again watches him leave happily.

Ten minutes later the boy returns and once again asks for a glass of cider. The mother complies with
her son's wishes again, but her curiosity has been piqued to the point where she can't resist knowing why any longer.
She wanders into the family room and sees her son sitting in front of the TV with his finger in the glass.

"Why on earth do you have your finger in that glass?" asks the boy's mother.

"Well, mom, I heard sis on the phone say that whenever she had a prick in her hand,
she couldn't wait to get it in cider."

The sp roars whilst peeps are asleep!

re - peeps are asleep!

Maybe some of the complaining ones, but not me, though since 10am I was out of the screen due to a visit from the electrician fixing a few things on the house, so no computer till 7pm.

nice uptrend with a higher BREAKOUT today

She was into a higher BREAKOUT early this morning to 34.25p

Another feather in the IQE cap

IQE plc
IQE's MBET Division recognized as top supplier ...

("IQE" or the "Group")

15 September 2010
IQE plc (AIM: IQE) , the leading global supplier of advanced semiconductor
epitaxial wafer products and wafer services to the semiconductor industry, is
pleased to announce that IQE's Singapore operation, MBE Technology Pte Ltd, has
been recognized as a top supplier to leading wireless chip manufacturer,
TriQuint Semiconductor, Inc. (NASDAQ: TQNT).

TriQuint, a leading RF front-end product manufacturer and foundry services
provider, announced its Top Supplier Awards for 2009 during TriQuint's Supplier
Day Conference, an annual educational and networking event for TriQuint's top
suppliers held in Portland, Oregon.

Winners were selected by members of TriQuint's Supply Chain and Business Unit
organizations in recognition of TriQuint's top suppliers for their overall
performance to TriQuint including innovation, operational excellence, service
levels, and industry leadership.

Steve Grant, Vice President of Worldwide Operations said:

"The capability of our strategic suppliers to provide us with zero-defect
material, position capacity to support TriQuint's continued growth, and
collaborate on reducing costs while developing innovative solutions greatly
contributes to our ability to deliver RF solutions that improve the performance
and lower the cost of our customers' applications."

Receiving the award, together with Dr J Jiang Sales Director of MBET, Dr. Drew
Nelson, IQE Group CEO and President said:

"We are delighted that MBE Technology has been honoured with this award from one
of the leading chip manufacturers in the wireless industry. IQE enjoys a close
working relationship with many of its customers globally and the particular
recognition of our Singapore operation by TriQuint demonstrates the Group's
commitment to providing the highest level of quality in terms of products,
services and innovation."

IQE is the leading global supplier of advanced semiconductor wafers, with
products that cover a diverse range of applications, supported by an innovative,
outsourced foundry services portfolio that allows the Group to provide a 'one
stop shop' for the wafer needs of the world's leading semiconductor
manufacturers.

IQE uses advanced crystal growth technology (epitaxy) to manufacture and supply
bespoke semiconductor wafers ('epi-wafers'). The world's major chip
manufacturing companies use IQE's wafers to make the leading-edge components
which form the heart of virtually all of today's high-tech devices. IQE is
unique in being able to supply wafers using all of the leading crystal growth
technology platforms and has developed and maintained significant intellectual
property in relation to its products and services.

IQE's products are found in many leading-edge consumer, communication, computing
and industrial applications, including a complete range of wafer products for
the wireless industry. Our technology is an integral part of mobile handsets,
particularly smartphones, wireless infrastructure, Wi-Fi, GPS, and satellite
communications. The unique optoelectronic properties of IQE's materials are also
found in applications including optical communications, optical connectors,
optical storage, laser printers/copiers, thermal imaging, leading-edge medical
products, finger navigation devices and ultra high brightness LEDs. IQE's
expertise also extends to a variety of advanced silicon based systems and
high-efficiency concentrator photovoltaic (CPV) solar cells.

The epitaxy production process is complex and highly specialised. As such, chip
manufacturers are increasingly seeking to outsource wafer production to
specialist foundries such as IQE in order to reduce overall wafer costs and
accelerate time to market. The Group is also able to lever its global purchasing
volumes to reduce the cost of raw materials. In this way IQE's outsourced
services provide compelling benefits in terms of flexibility and predictability
of cost, thereby significantly reducing operating risk.

IQE also provides bespoke R&D services to deliver customised materials for
specific applications and offers specialist technical staff to manufacture to
specification either at its own facilities or on the customer's own sites.

IQE operates six manufacturing facilities located in Cardiff (two) and Milton
Keynes in the UK; in Bethlehem, Pennsylvania and Somerset, New Jersey in the
USA; and Singapore. The Group also has a dedicated R&D facility in Bath, UK and
operates 11 sales offices located in major economic centres worldwide.

ABOUT TRIQUINT (www.triquint.com/rf)

Founded in 1985, we "Connect the Digital World to the Global Network" by
supplying high-performance RF modules, components and foundry services to the
world's leading communications companies. Specifically, TriQuint supplies
products to four out of the top five mobile phone manufacturers, and is a
leading gallium arsenide (GaAs) supplier to major defense and space contractors.
TriQuint creates standard and custom products using advanced processes that
include gallium arsenide, surface acoustic wave (SAW) and bulk acoustic wave
(BAW) technologies to serve diverse markets including wireless handsets,
laptops, GPS/PND, base stations, broadband communications and military. TriQuint
is also the lead researcher in a multi-year DARPA program to develop advanced
gallium nitride (GaN) amplifiers. TriQuint, as named by Strategy Analytics1, is
the number-three worldwide leader in GaAs devices and the world's largest
commercial GaAs foundry. TriQuint has ISO9001 certified manufacturing facilities
in Oregon, Texas, and Florida and a production plant in Costa Rica; design
centers are located in North America and Germany.

Off to a flyer this morning.

Doesnt get much better than this from the Brokers, nearlly all BUY recos......

IQE PLC

FORECASTS 2010 2011
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Investec Securities
15-09-10 BUY 4.40 0.95 6.62 1.42

FinnCap
13-09-10 BUY 6.00 1.40 7.90 1.80

W H Ireland Ltd
09-09-10 MPER 5.10 0.80 6.60 1.10

Cenkos Securities
02-09-10 BUY 5.87 1.32 7.38 1.65

Execution Noble
02-09-10 BUY 5.30 1.10 7.30 1.50

Edison Investment Research
01-09-10 None 5.99 1.20 6.83 1.40

Canaccord Adams
25-08-10 BUY 4.40 1.00 6.00 1.36

Singer Capital Markets Ltd [R]
04-02-10 BUY 4.10 1.00 4.50 1.00

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 5.32 1.12 6.98 1.47

1 Month Change 0.70 0.16 0.59 0.14
3 Month Change 1.11 0.38 1.24 0.28


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS -28.23% 119.16% 31.55%
DPS % % %

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA 7.48m 11.05m 12.86m

EBIT 3.37m 6.30m 7.90m

Dividend Yield 0.00% % %

Dividend Cover x x x

PER 63.16x 28.82x 21.91x

PEG -2.24f 0.24f 0.70f

Net Asset Value PS 2.15p p p

It did not last long the retracement, second day on the bounce

From Investtech last nigh TA provider to the banks and Institutions....

Positive Candidate -Medium term, Sep 16, 2010 Analysis Explanation

IQE PLC has broken up from an approximate horizontal trend. This signals a continued strong development, and the stock now meets support on possible reactions down towards the ceiling of the trend channel. Has risen strongly since the positive signal from a rectangle formation at the break through the resistance at 21.21. The objective at 26.78 is now met, but the formation still gives a signal in the same direction. The stock has support at pence 20.00. The stock is overall assessed as technically positive for the medium long term.

Period Vol.bal. Volatility Liquidity +/- %
1 day - 3.06% 53.85 +7.30%
5 days -2.76 10.07% 144.67 -0.77%
22 days 32.03 29.67% 92.35 +40.22%
66 days 37.96 59.22% 52.44 +88.60%

More detail on the Investec note - apologies if this has already been posted.

Investec comment
IQE's recent share price move may appear dramatic, but we believe it to be based on a combination of improving fundamentals, better investor perception, and a backdrop of forecast prudence. We upgrade our full year estimates by c0.8m at the PBT level, reiterate our Buy stance, and upgrade our Target Price from 27p to 37p, now based on 15x 2011E EV/EBITDA.
Key points
H1 performance solid The group delivered a strong H1 performance, with material growth across the business balancing solid progress in the main Wireless division and very promising developments within Optoelectronics (especially driven by finger navigation, high speed USB and solar). We make material (c18%) upgrades to our 2010E PBT estimates.
Cash generation and CAPEX Cash generation from operations was some 1.9m (up from 0.1m last year), as investment in working capital tracked revenue growth. The group has also capitalised some 1.7m of development costs, up from 0.9m in the prior year. We are comfortable with this step up, as the uplift relates to the group qualifying a number of its machines across a range of customer products - a signal both of IQE's position in its marketplace, and of revenues to come in future periods.
Valuation and recommendation IQE is currently valued at c30x our 2010E EPS, falling to c23x 2011E. We believe that market growth will continue to underpin forecast delivery and potentially further upgrades. IQE remains, in our view, an attractive and leveraged play on smartphone trends, and other - even more exciting - markets. In particular, we anticipate further newsflow from the optical USB and finger navigation opportunities. We strongly reiterate our Buy stance, and suggest that recent performance may be just the start of a long and rewarding journey.

New Broker note out......

IQE ALL-AIM Technology Buy 37 33.25 11.3% Investec


Target SP 37p upside 11.3%

Jim Slater tips IQE in the Investors Chronicle today:

Jim Slater on hot shares and heroin‎
Investors Chronicle - 8 hours ago

He names four in particular: Advanced Medical Solutions, Andor, Volex and IQE.

IQE share price has now doubled since the beginning of July.
The chartist in SHARES,a few weeks back, was very bullish about the long term outlook re possible spectacular returns.
In hindsight he has been pretty accurate so far.On 4th of August he gave an initial target of 38(now at 35) with more to follow

Certainly on a roll at the moment,-up another 1.5 this morning,at 36.5